Wells Fargo & Company Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Key Points

• Wells Fargo cut its Burlington Stores price target to $330 from $370 but maintained an Overweight rating; the revised target implies 35.43% upside from the prior close.
• Analyst views remain mixed: the consensus rating is Moderate Buy with a $354.05 price target, based on 15 Buy, five Hold, and two Sell ratings.
• BURL shares fell 3.3% on Friday to $243.66. In its latest reported quarter, Burlington beat EPS estimates ($2.96 versus $2.19) but reported revenue below analyst expectations.

Burlington Stores (NYSE:BURL - Get Free Report) had its price objective dropped by analysts at Wells Fargo & Company from $370.00 to $330.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 35.43% from the company's previous close.

A number of other analysts have also recently weighed in on the company. UBS Group boosted their price target on Burlington Stores from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Citigroup lowered their price objective on Burlington Stores from $380.00 to $318.00 and set a "neutral" rating on the stock in a report on Friday, August 28th. Zacks Research downgraded Burlington Stores from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 27th. The Goldman Sachs Group reduced their target price on Burlington Stores from $394.00 to $382.00 and set a "buy" rating for the company in a report on Monday, August 31st. Finally, Jefferies Financial Group boosted their target price on Burlington Stores from $365.00 to $410.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Fifteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus price target of $354.05.

Burlington Stores Stock Down 3.3%

Shares of BURL traded down $8.21 during mid-day trading on Friday, hitting $243.66. 186,107 shares of the company's stock were exchanged, compared to its average volume of 988,764. The firm has a fifty day moving average of $254.18 and a two-hundred day moving average of $305.07. Burlington Stores has a twelve month low of $226.85 and a twelve month high of $378.33. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.68 and a beta of 1.50. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.95.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.77. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.03 billion. Burlington Stores had a net margin of 5.85% and a return on equity of 41.72%. Burlington Stores's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. Burlington Stores has set its Q3 2026 guidance at 1.600-1.700 EPS and its FY 2026 guidance at 11.770-11.970 EPS. On average, sell-side analysts forecast that Burlington Stores will post 12.23 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total value of $455,627.34. Following the transaction, the chief marketing officer directly owned 74,305 shares of the company's stock, valued at $20,176,036.65. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently modified their holdings of BURL. BlackRock Inc. acquired a new position in Burlington Stores during the 2nd quarter valued at $2,157,518,000. Alyeska Investment Group L.P. increased its holdings in shares of Burlington Stores by 15.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,049,778 shares of the company's stock worth $332,570,000 after purchasing an additional 139,958 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Burlington Stores by 1.0% during the 1st quarter. Janus Henderson Group PLC now owns 880,017 shares of the company's stock worth $286,341,000 after purchasing an additional 8,361 shares during the period. Jupiter Topco LLC acquired a new position in shares of Burlington Stores during the second quarter valued at about $283,228,000. Finally, Primecap Management Co. CA acquired a new position in shares of Burlington Stores during the second quarter valued at about $266,416,000.

Burlington Stores Company Profile

Burlington Stores, Inc. is a U.S. off-price retailer that sells apparel, footwear, accessories and home products through its Burlington-branded stores. Its merchandise includes clothing for women, men and children, as well as items such as home décor, furnishings and seasonal goods. The company uses an off-price retail model, purchasing merchandise from a range of suppliers and offering products at discounts to regular department-store and specialty-store prices. Product selection and availability can vary by store and season.

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